New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-23

State bonds neglected; Louisiana consol ia sold
at 5ss Tennessee compromise at ~ ana NOth arOlna
special taxes Chatham Railroad at 10 and 10 western
Railtoad at 10 There sales OF city bank stocks
The market for railway bonds was unusually quiet and
prices only steady There were no sales OF Lilo
second IS and they were quoted lO0lsdlOOe Rome,
Watertown and Ogdensburg 0s were firm at lO2 Cen
at l172 converiibles at II, adjustments at lO ~ but
the debenture Is, after decline of per ccnt to lOS
rose TO 104l West shore guaranteed Is were easy at
1885 a1O3as Iron Mountain 5s were of per cent at
o. Rock Island os sold up 10 I'VE ana N9rhweserh
ST. Louis frss firm at lOOo East tennessee, Nir-
Carolina rsts We're mp per cent at 90 Houston and
Texas per cent 70 1ls and the general mort
western 3 MsTs al at Valley
general MORTGAGES were on 2ls per cent a. o. g'a
Grandc Is were steady about s2 oregon Short Line
off a at 1924. Atlantic and Pacific IS declined
Worth aud rsts r lower at 92A ST Louis,
Arkansas and Texas nrsts sold at 10Oie lool2;
OF unlisted securities dealt IN nj the stock Exchange,
Cotton seed oil certificates sold 400 at 49asa i9e West
crn National Bank $50 at lo7 Kingston and Pembroke
and seconds sl9 900 AT 59Q oMe1canNatona lrsts
trusts (s2.00V. at 4Gl9. Nor bern Pacific dividends
Cs5 900 at 99 100 Boston Hartford and Erle-knowl
tons-QOO at Chicago and Atlantic beneficiary 400 at
s7sa ga. Security Milling aud Mining ZOO a. = 37isG
SO s7led 81 1919 and san sebastian 300 at ~ 20.
Money ruled generally at 6l2d0 per cent Exceptional
loans were made at and 4l2 per cent and tho closing
The sab-ireasury was debtor at the Clearing House
5000 10 and 1t redeemed 1000 trade dollars
The sub-rreasury to-day lost on balance s5oJ,s7o.
made mp by coin loss OF $525 ST. less currency gain
of S272.OO4 The days operations covered: Receipts,
81 3. 500. o. 3 ; coin balance II 50, 326,047.
The Clearing House statement today was as follows
Exchanges S9s, So. O95 balances Sf6s46S2.
The United States Treasury at Washington received
$ls5,0OO National bank notes for REDEMPTION
The customs receipts were 81 OO3,s2O and tho inter-
nal revenue receipts were S2lG.765,
The foreign exchanges were dun ana easy at quota
lions for business follows Bankers bills 81 s3s and
"a "A for long and short sterling respectively 52l4
aud 5l9ss for francs % and 95 for reichmarks 4Ois
In London British consols opened steady 1o1 111G
for both money account aud closed OF 116 Mt lOl ~
The Bank of England lost 10000 bullion on balance
India Council bills allotted at decline of 1921.
per rupee American railways opened strong Dlt closed
lower responsive to the feversness OF the early home
markets At Paris French per cents declined from
81. 40 TO Sl.35.
sentiment OF large number OF stockholders OF the LAKE
Shore and Michigan Southern Railway company, anu US
sOnng and deductions undoubtedly correct III the
abstract But think the present management may be
trusted TO look after the companys naneM status ana
do believe that 1t s its intention TO place them on such
solid foundation that the passage OF dVlehds hereafter
never w ps 10 ean he control Of the Now
YORK. Chicago and ST. Louis company and that II could
If it sold the stock which it holds and Is to receive
for the assessment paid
TO the Edftor Of The Trfbune
srR In your article Of Jane T. explaining to a. g. p"
pany is not expected divide than cent IN August.
SoY Ga. sran. 30 OF % !. more than
per the stock This surplus has been earned during
be 1894 during which the stockholders have received only
% Of no Of the
take $26630DO equal 10 over ~ per
nt on stock pay the assessment on the New York
chicago Louis stock held by the Lake Shore Com
pany as provided In tho plan Of reorganization.
For the paid on NewYork,
Chicago 81 Louis stock the will receive
curty which reasonably be expected to return to
por cent interest"
Now $ clear that these current net earnings
belong 10 tho Lake Shore stockholders and that the
received for the 80 G53O00 which be
paid assessment should be divided 10 them that
thoy should be sold and the proceeds divided
Ncio- York, June II. 1887.
tn. hSsn % s st S Rs 's E